Pixelmon successfully raised $7.1 million during the Mon Protocol presale, allocating 6.2% of the total $MON token volume to long-term supporters and selected waitlist participants. The presale, announced in January, lasted for 48 hours from February 26th to 28th. A total of 62,092,000 $MON tokens were allocated, representing 6.2% of the overall token supply. Participants could purchase tokens in batches, with each batch comprising 2888 $MON tokens at a price of 0.096 $ETH per batch. The number of guaranteed batches available for purchase depended on the rarity of owned Pixelmon NFTs and Golden Trainer at the snapshot moment.
The presale results showed that the full allocation was reached within just 8 minutes, with the volume doubling within an hour and eventually exceeding 270% of the planned volume by the end of the 48-hour period. As a result, the studio raised 2064 $ETH, which was approximately valued at $7.1 million at the time of sale and around $7.8 million at the time of writing. Waitlist participants who did not receive an allocation can request a refund through the presale's official page.
Julio Xyloyannis, CEO of Pixelmon and co-founder of LiquidX Studio, expressed satisfaction with the fundraising results, noting that the presale demonstrated the strength and commitment of the community and could serve as inspiration for other projects looking to reward community members who remained loyal and supported the project during the bear market.
This presale followed a successful $8 million seed funding round from companies like Animoca Brands and Delphi Ventures. In February, LiquidX Studio announced a partnership with Immutable, leading to the launch of Pixelmon on Immutable zkEVM.
